APHRIA TO COMMENCE TRADING ON THE NYSE ON NOVEMBER 2; SLUMPED 17.35% ON TSX, MONDAY
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07:07 AM EDT, 10/30/2018 (MT Newswires) -- Aphria Inc. (APH.TO) -- which slumped 17% on the TSX yesterday -- said Tuesday that its common shares have been approved for listing on the New York Stock Exchange and will commence trading effective the open of markets on November 2, 2018.
Aphria's shares will trade on the NYSE under ticker symbol 'APHA.' The company's ticker symbol on the Toronto Stock Exchange will also change from 'APH' to 'APHA,' effective November 2, 2018. Existing shares of Aphria, which previously traded on the OTCQB under the ticker symbol 'APHQF' will now trade on the NYSE.
"Listing on the NYSE provides Aphria with access to the largest equity market in the world, with increased exposure to a vast array of US institutional and retail investors. This strategic move aligns directly with our growth ambitions as we enter an elite peer group of respected, high-profile corporate brands listed on the NYSE," said Vic Neufeld, Aphria CEO.
Neufeld added: "We are excited to usher in a new era with the recent legalization of adult-use cannabis in Canada and as we aim to further expand our footing in exciting markets such as Latin America, the Caribbean and Europe. Aphria is well-positioned to capitalize on this fast-growing industry."
Price: 12.77, Change: -2.68, Percent Change: -17.35
